Blockchain Wallet Review

Blockchain Wallet Review

Blockchain Luxembourg SA is the company behind Blockchain Wallet, claimed to be the most popular and reliable digital wallet in the world. It is used to store Bitcoin, Bitcoin Cash and Ether and has more than 15 million clients all over the world. It offers great user experience when it comes to cryptocurrency storage, can be used both from your phone and web and is compatible both with iOS and Android devices. Moreover, this product is free to use, but be aware that a small fee will be charged each time Bitcoin or Ether move out or in your digital wallet. This is all pretty standard, although there are some features that make this product stand out from its competition. Read our Blockchain Wallet review to find out all about them.

Blockchain Wallet info

Let’s start by giving you some general Blockchain Wallet info to give you an idea of what you’ll be dealing with here. This product has several levels of security features, including two-step verification, e-mail verification, passphrase, password hint, link to your cell phone number and blocking Tor requests. For example, you need to verify your e-mail so that the wallet can send you a notification if any suspicious activity happens on your account. Also, you will need a secret passphrase in case you forget your password. This company doesn’t have access to your password, so if you have to restore it, this is the only way you’ll be able to do that.

If you activate your two-step verification, Blockchain Wallet will send a one-time passcode to your phone each time a login attempt to your account happens. This is how you will be able to know if anyone tries to access your account without your knowledge.

Blockchain Wallet Home Page

And the third level of the security chain is activating an option to block Tor requests. Tor is a tool often used by hackers, even though some people use it for non-malicious purposes. However, for better security, the wallet offers to block all IP addresses coming from the Tor network.

Don’t worry, we have more Blockchain Wallet info for you: you can choose to see your account balance in a local currency, the interface design is very easy to navigate and understand, you can easily pair your web account with the phone simply by scanning a QR code. On top of that, you can buy and sell the desired cryptocurrency directly through this wallet which generates a new wallet address (as a privacy measure) after each digital transaction. Last but not least – as mentioned before, the company is located in Luxembourg, a country recognized for having legal measures for protecting individual privacy. But our Blockchain Wallet review is just getting started. Read on to learn about the account creation process.

Blockchain Wallet login

To create an account, you will need to enter your e-mail address, choose a password and follow certain steps to activate the account. Once the account is activated, you can start buying Bitcoin or Ether cryptocurrencies. To do that, completing your Blockchain Wallet login, simply press the ‘Request’ button and select the desired cryptocurrency. Now you will see your wallet address which looks like a long necklace formed of numbers and letters. You have to be very careful at this point because you can send Bitcoin to the Bitcoin address only, and Ether to Ether address only. If you send the cryptocurrency to the wrong address, it may result in the permanent loss of your funds! Also, it is important to know that if you have Ether or Bitcoin in some other wallet, you can transfer them to your Blockchain wallet once you sign up there, of course.

After your Blockchain Wallet login is completed, you can start making payments. To do that, simply click the ‘Send’ button on your dashboard and select the desired cryptocurrency. Then enter the recipient’s wallet address and the amount you want to pay. It is interesting that, at this point, you can type the amount in cryptocurrency and local currency and in the end, displays both, for easier comparison. You can also enter payment description and click ‘Continue’ for confirmation and ending the transaction. Important notice – once you initiate the transaction, it can’t be cancelled, so always double-check everything!

Blockchain Wallet Dashboard

Blockchain Wallet fees

As mentioned before in our Blockchain Wallet review, this is a totally free digital wallet and there are no fees to download it. However, each time a customer makes a transaction, they will be charged a small amount. How big Blockchain Wallet fees will depend on the size of the transaction and the time needed to transfer the money. For example, you can choose a time–sensitive transaction, meaning you can select your transaction as ‘Priority’. In this case, you will have to pay a higher fee, so that the confirmation can be faster. There is also the option to ‘Customize Fee’ where you can select to specify a rate for any of your transactions. If your customized fee is higher, the transaction will be faster and vice versa. Basically, Blockchain Wallet fees are one more reason why this digital wallet is praised. Essentially, you yourself have the freedom to choose whether they will be higher or lower.

Blockchain Wallet Security

Blockchain Wallet app

If you wish to use Blockchain Wallet on your mobile phone, you will have to download the Blockchain Wallet app. This application is available both for Android and iOS and it has very high users’ rating – 4,7. Just like the web version, it is free and offers service in many different languages (more than 25, which is extremely impressive). Of course, the same level of security is applied, so you can rest assured you will be the only person with access to your funds. It’s interesting to note, however, that this app supports family sharing, meaning up to six family members can use it. Not something you see every day. Also, there is an option to get push notifications instead of SMS each time you get cryptocurrencies, which prevents your phone to be flooded by texts. Clever. Apart from that, is should be mentioned that the Blockchain Wallet app has successfully passed several security audits, meaning we have unbiased third-party confirmations that this product checks out.

Blockchain Wallet Mobile App

Simple and secure

Blockchain Wallet is available in more than 140 countries and is attracting more and more people every day. The most important things connected with this digital wallet are the fact that it is simple to use and also very safe. In this fast world, when we all lack time, these two things are the most important reasons to choose it and to try it. Buy, send, receive your cryptocurrency and enjoy the flexibility of this digital wallet with a robust security system. We are sure that Blockchain Wallet will help you to make the most of your crypto investments, so do not hesitate and get one for yourself now.

Author's overall rating:

Author: Ben Prescott

Updated: April 19, 2019

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